Fintechs Tink, Adyen, and Recharge have announced a Pay by Bank service for the German market. Tink, founded in Sweden, is an open banking platform and part of Visa. Adyen (ADYEN:AMS) and Recharge are in the payments sector. Pay by Bank is when users transfer money… Read More
An executive with open banking platform Tink believes the Jan. 9 deadline for Eurozone banks to receive instant payments marks the most significant shift since PSD2 seven years ago. Head of industry and wallets Jan Van Vonno believes Europe is finally poised to realize the… Read More
New research from data enrichment and payment services platform Tink suggests that consumers in the United Kingdom who use digital financial management tools are better off. They average an additional £37.08 better off per month, or £4451 better off per year, compared to pre-adoption. Today, as… Read More
TransferGo, and Tink have announced a partnership to enable international transfers and payments call Pay by Bank. Owned by Visa, Tink is a payments and transfers Fintech that is connected to over 6000 banks. Founded in Sweden, the company also provides banking and lending solutions…. Read More
Micropayment, the Berlin-based payment processor, has partnered with Tink, a payment services and data enrichment platform, to add Pay by Bank to its payments offering. Operating primarily in Germany, Austria, and Switzerland, Micropayment works with merchants across industries “including fundraising and non-profit, digital services, gaming… Read More
Tink, the firm focused on open banking, has launched ‘Risk Signals’ – a rules-based risk engine that unlocks instant payment experiences across Europe, while minimizing risk. In some European markets, bank transfers “can take up to three days to settle depending on the scheme, with… Read More
Research released by Tink, the firm focused on open banking, uncovers that investment pots have proved to be a financial ‘safety net’ for armchair investors during challenging economic times. This suggests a shift in investing behaviors “from long-term ‘set and forget’ portfolios, to needing instant… Read More
Tink, which claims to be one of Europe’s leading open banking platforms, reveals research finding that “an estimated 40% of people in the UK would like their bank to offer tools to track their environmental impact.” Based on a survey of over 2,000 UK consumers… Read More
Open banking platform Tink has joined the UK’s Joint Regulatory Oversight Committee (JROC)’s new working groups on Variable Recurring Payments (VRP) and the future open banking entity. Andrew Boyajian, head of VRP at Tink, will be representing the European Third Party Providers Association (ETPPA) in… Read More
The Bank of England has raised its benchmark interest rate by 50 bps, increasing from 4.5% to 5%. Today, the Monetary Policy Committee (MPC) voted by 7 to 2 to increase by 50 bps. Two of the members wanted to remain at the current 4.5%… Read More
Tink, Europe’s open banking platform, and ecolytiq, a climate engagement solution, are collaborating to incorporate financial and sustainability-focused coaching into a seamless experience. By combining the power of money management tools with climate education tools, Tink will make it possible “for new and existing customers… Read More
Earlier today, the European Banking Authority (EBA) posted an update on certain standards that impact open banking services. One change involves authentication for individual users. CI received a comment from Jan van Vonno, Head of Industry Strategy at Tink – a leading open banking platform…. Read More
Tink, an open banking platform, now offers a new feature called Balance Check that enables users to verify account balances. Tink states that this new feature will simplify the setting up of direct debit mandates, supporting both businesses and consumers. Balances Check utilizes real time… Read More
Open banking platform Tink has signed a strategic partnership for open banking technology with Revolut, a popular neobank. Tink’s payment initiation services (PIS) technology is expected to allow Revolut users across Europe to easily move money into their Revolut accounts. PIS enables users to connect… Read More
‘Winning with Fintech’ The Confederation of British Industry (CBI) has called out Fintech as a key opportunity for the UK economy. In a speech today, CBI President Lord Bilimoria announced a new campaign to encourage more people to utilize Fintech and help boost the future… Read More
PostNord Strålfors, part of the PostNord Group, has partnered with European open banking provider Tink, a company that was recently purchased by Visa. PostNord Strålfors operates in the Nordic region and offers corporate communication management and services. The company reports that it is the largest… Read More
Visa (NYSE:V) has completed the acquisition of Tink, a Swedish open banking platform. The acquisition was announced in June 2021 at a valuation of €1.8 billion. At that time Tink stated that it became clear that they shared a common mission with Visa to “connect… Read More
European open banking platform Tink has confirmed the introduction of ‘Income Check’ in the United Kingdom – which is a service that improves the income verification process by leveraging Open Banking tech. Tink’s Income Check product enables banking institutions and lending platforms to quickly verify… Read More
European open banking platform Tink has finalized the acquisition of German open banking infrastructure provider, FinTecSystems, following regulatory clearance. FinTecSystems will now become part of Tink, according to a release. After the acquisition, the combination of Tink’s pan-European open banking platform and FinTecSystems’ product suite… Read More
New research published by open banking platform Tink reveals an increase in spending among Europe’s financial executives, with 47 per cent saying their open banking budgets have risen in 2021. This follows a challenging year in 2020, where financial institutions battled budget restrictions against the… Read More
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